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Stocks sink but TSMC, Samsung bullish on AI at major trade show

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TSMC,Artificial Intelligence

Senior executives from two of the world's most important chipmakers, Taiwan's TSMC and South Korea's Samsung Electronics, offered bullish outlooks for...

Stocks sink but TSMC, Samsung bullish on AI at major trade showStocks sink but TSMC, Samsung bullish on AI at major trade showFILE PHOTO: Gary Dickerson, chief executive officer of Applied Materials Inc.

Speaking to the Semicon Taiwan industry forum in Taipei, Y.J. Mii, TSMC Executive Vice President and Co-Chief Operating Officer, said AI remained a major growth driver even if it would cause many jobs globally to change or disappear."We think there is good opportunity for growth. From an AI accelerator point of view probably for the next couple of years at least a 50% compound growth rate is achievable. As for longer term, we can wait to see how it goes.

"I believe, as far as the AI helps human beings I think it's going to be a new revolution for changing our everyday lives," he added. "I am cautiously optimistic for AI." Grenfell tower fire inquiry - latest: Final report blames governments and firms as cladding warnings ‘ignored’Supermodel Naomi Campbell started New York Fashion Week in style as she rocked a rippling slip dress and patent slingbacks, but fans were left concerned after the star sported mystery bandages on her right legFutures slip on economic growth worries ahead of labor data

Irish premier Simon Harris paid tribute to the resilience of the Ukrainian people as he visited regions catastrophically damaged during the early stages of Russia’s invasion. Mr Harris, who is in the Kyiv region to sign a joint declaration of co-operation with Ukrainian President Volodymr Zelensky, started his trip to Ukraine with visits to Borodyanka and Hostomel. After travelling into the country on an overnight train, the Taoiseach was greeted at Nemishaieve station.Subsea 7 S.A.

Bravo Mining Corp. , is pleased to report that it has received more high-grade assay results from five additional drill holes at the "T5" copper-gold target at its 100% owned Luanga Project. T5 lies to the east of the Luanga PGM+Au+Ni deposit located in World Class Carajás Brazil.

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